First Half of 2007 up at +7.86% for Hedge Funds

Filed in archive Hedgetalk on July 10, 2007

According to early estimates at the hfn hedge fund aggregate average was +1.40% in June 2007 and ended the first half of 2007 +7.86%.

The HFN Hedge Fund Aggregate Average is an equal weighted average of all single manager hedge funds and CTA/managed futures products in the HedgeFund.net database. The increase was the 11th positive month in a row for hedge funds. After trailing the prior three months, the Aggregate outperformed the S&P 500 Total Return which ended June -1.66% and +6.96% YTD. The HedgeFund.net database consists of over 7,400 current hedge fund, fund of funds, and CTA products.

Contrary to the previous three months, hedge funds on average produced positive results despite most major global equity markets falling during the month. What markets did supply in June was a sharp increase in volatility.
More here.